Alexza Announces Partnership With Endo for AZ-003 (Staccato(R) fentanyl) in Nor...(ibilityfor the development of the Stacca...)

Date:12/27/2007

ibility for the development of the Staccato Electronic Multiple Dose device and the exclusive right to manufacture the product for clinical development and commercial supply. Endo has primary responsibility for pre-clinical, clinical and regulatory development, and, if AZ0003 is approved for marketing, for commercializing the product in North America.

Investor Conference Call

Alexza will host an investor conference call to discuss its AZ-003 partnership with Endo at 8:30 a.m. Eastern Time on Friday, December 28, 2007. A replay of the call will be available for two weeks following the event. The conference call, replay and webcast are open to all interested parties.

To access the conference call via the Internet, go to http://www.alexza.com, under the "Investor Relations" link. Please join the call at least 15 minutes prior to the start of the call to ensure time for any software downloads that may be required.

To access the live conference call via phone, dial 1-800-291-5365. International callers may access the live call by dialing 1-617-614-3922. The reference number to enter the call is 53408473.

The replay of the conference call may be accessed via the Internet, at http://www.alexza.com, or via phone at 1-888-286-8010 for domestic callers or 617-801-6888 for international callers. The reference number to enter the replay of the call is 35604411.

About AZ-003

AZ-003 is the combination of Alexza's proprietary Staccato system with fentanyl, a drug belonging to the class of compounds known as opioid analgesics. AZ-003 is a hand-held, electrically-heated, multiple dose inhaler designed to generate and deliver excipient-free fentanyl aerosol for deep lung delivery. The current product candidate consists of a disposable dose cartridge containing 25 doses each of 25 mcg fentanyl, which is inserted into a reusable controller
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SOURCE Alexza Pharmaceuticals, Inc. Copyright©2007 PR Newswire. All rights reserved

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